Have you ever wondered about DJ Khaled net worth and how he built it? Let’s be honest, not many musicians and DJs make bank in this day and age. After all… How many times do you have to play a song on Spotify to generate even a dollar in revenue?
You probably have no idea, but you can be sure that it’s a lot. So the fact that there are people like DJ Khaled who are successful and thriving during a time of upheaval and innovation in the music industry, is a testament to the value of music. It’s also a testament to the work ethic of those who succeed.
The recording artist’s net worth is right around $20 million. And it’s clear that he has discovered a way to spin his talents into cold hard cash. In fact, DJ Khaled’s net worth was only $3 million just five years ago in 2013.
Okay, sure, it’s hard to put the words just and $3 million in the same sentence. But it shows that DJ Khaled has found some sort of magic formula. And now he’s multiplying his success and his bank account exponentially.
DJ Khaled Net Worth: How He Keeps Increasing It
But how exactly has he done it? Charm, charisma, and raw talent are some of the intangibles he’s got. But there are also some concrete things that he has done to build his vinyl kingdom. Here are three ways that DJ Khaled’s net worth has accumulated.
DJ Khaled Net Worth Secret #1. He Kills it On Social Media
If you want to be famous and successful you’ve simply got to know your way around a Twitter account, and it’s clear that DJ Khaled does. He understands that the way to be successful on social media is to be candid, and he does a great job of portraying himself as a real and relatable person.
That’s not easy to do when you’re a high-roller like he is, but it’s one of the keys to his success. It’s especially astounding because at forty-two he is an unlikely voice for millennials. And yet he won a 2016 Shorty Award for his Snapchat skills.
That’s some pretty serious recognition considering that most people in their forties don’t even know what Snapchat is, let alone how to use it to influence millions of fans.
Of course, it’s not just that he knows how to get lots of followers on social media, he knows how to do something much harder. Thanks to an advertising deal with Apple Inc’s Beat Electronics, he gets paid to endorse products on Snapchat. He gets to show off his funny side and make money at the same time. That’s living the social media dream that everyone has.
DJ Khaled Net Worth Secret #2. He Wears Many Hats
It’s possible to have a large net worth as just a musician or DJ, but you can’t be a mogul unless your talents spread beyond the turntable. Part of Khaled’s success is because he isn’t just a DJ. He’s also a record producer, an author, an executive, and a radio host.
Simply put, rich people get to own a lot of hats because they’ve worn a lot of hats. Khaled doesn’t just get to sit idly by and watch his money grow. He has to go out there and work the magic himself.
Since he released his first studio album in 2006, he’s covered a lot of ground. In fact, he just released his 10th album last year. DJ Khaled also published his book, The Keys, in 2016. In it, he reflects on the stories and encounters that helped him get to where he is now. On top of that, he hosts radio shows, live events, and helps fellow musicians.
DJ Khaled Net Worth Secret #3. He is in High Demand
So it is because he wears many hats that he is so desired. When people want you, you never really have to worry about your finances, and DJ Khaled is a perfect example of that. Thanks to his recording success, he is one of the most sought-after record producers around, and his winning personality makes him in constant demand for appearances.
In 2009 he took over as the President of Def Jam South Records, and later founded his own label, We the Best Music Group. He works with some of the biggest names in music, and he served as co-host at this year’s iHeart Radio Awards.
DJ Khaled Net Worth: A DJ with Business Savvy
DJ Khaled is more than just a DJ. He is accomplished in so many different roles, and it’s easy to see him as a kind of Renaissance man. He’s leading the charge on social media, turning clicks into cash, and he does it all while maintaining his signature charm.
Featured image: CC By 2.0 Meghan Roberts via Flickr.